hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the wider stock exchange, after the business print and also sophisticated products firm said it took a minority risk in a maker of components for batteries made use of for electric cars. Financial terms were not disclosed, but Kodak claimed it took the stake in Wildcat Discovery Technologies, which is establishing an EV “incredibly cell” that can provide higher than 90% improvement in energy thickness over present batteries. Kodak claimed the financial investment it made comes with the objective of having Wildcat’s “extremely cell” prepared for commercialization in two years. “This financial investment in Wildcat reflects Kodak’s dedication to constructing new services by leveraging our existing skills as well as infrastructure,” said Kodak Chief Executive Jim Continenza. “Finish substratums is a vital aspect of making batteries and also no one is better at covering than Kodak.” Kodak’s stock has gained 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has actually dropped 20.7% this year.
Eastman Kodak Co. stock increases Friday, still underperforms market
The kodak stock history , +1.64% climbed 1.64% to$ 4.96 Friday, on what showed to be a well-rounded positive trading session for the securities market, with the NASDAQ Composite Index Compensation, +1.79% increasing 1.79% to 11,452.42 as well as the Dow Jones Industrial Standard DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 short of its 52-week high ($ 7.92), which the firm achieved on August 3rd.
The stock outmatched a few of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% rose 0.94% to$ 22.62, HP Inc. HPQ, +1.54% rose 1.54% to $31.66, and also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% rose 0.99% to $53.16. Trading volume (739,475) continued to be 403,162 below its 50-day ordinary volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Relocating Standard of $4.83.
Eastman Kodak (NYSE: KODK– Obtain Rating)’s stock cost went across below its 50 day relocating average during trading on Monday. The stock has a 50 day relocating standard of $4.83 and traded as reduced as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares altering hands.
A number of equities research analysts have lately provided records on KODK shares. StockNews.com began protection on Eastman Kodak in a research record on Thursday, March 31st. They established a “sell” rating on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” ranking to a “d” score in a study note on Friday, May 27th.
The business has a fifty day moving typical cost of $4.83 as well as a two-hundred day moving average rate of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 as well as a beta of 4.61. The company has a debt-to-equity proportion of 0.33, an existing ratio of 2.37 and also a quick proportion of 1.63.
Eastman Kodak (NYSE: KODK– Get Score) last posted its quarterly earnings results on Tuesday, May 10th. The technology company reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and a web margin of 1.28%. The firm had profits of $290.00 million during the quarter.
Several institutional capitalists have actually just recently dealt shares of the firm. Amalgamated Financial institution got a new stake in Eastman Kodak throughout the initial quarter valued at $47,000. PNC Financial Solutions Group Inc. increased its stake in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Provider Team Inc. currently has 8,000 shares of the innovation company’s stock worth $52,000 after purchasing an additional 6,600 shares in the last quarter. Qube Study & Technologies Ltd obtained a new risk in shares of Eastman Kodak during the fourth quarter valued at about $57,000. Republic Equity Providers LLC purchased a new stake in shares of Eastman Kodak in the first quarter valued at about $69,000. Lastly, Sign Pointe Advisors LLC got a new position in Eastman Kodak in the first quarter worth approximately $83,000. Institutional financiers and hedge funds very own 44.78% of the business’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Company provides equipment, software program, consumables, and also solutions to customers in the industrial print, packaging, publishing, manufacturing, as well as entertainment markets worldwide. The business runs via Conventional Printing, Digital Printing, Advanced Materials and also Chemicals, and also Brand.